Xylem Inc. (NYSE:XYL) Shares Acquired by Choreo LLC

Choreo LLC grew its position in Xylem Inc. (NYSE:XYL) by 167.0% during the second quarter, Holdings Channel.com reports. The firm owned 4,552 shares of the industrial products company’s stock after acquiring an additional 2,847 shares during the period. Choreo LLC’s holdings in Xylem were worth $600,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of XYL. EverSource Wealth Advisors LLC raised its holdings in shares of Xylem by 68.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 77 shares in the last quarter. Blue Trust Inc. raised its stake in Xylem by 1,185.7% during the 2nd quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 249 shares in the last quarter. FinTrust Capital Advisors LLC raised its stake in Xylem by 170.9% during the 1st quarter. FinTrust Capital Advisors LLC now owns 317 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 200 shares in the last quarter. Hazlett Burt & Watson Inc. raised its stake in Xylem by 184.9% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 339 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 220 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in Xylem by 96.9% during the 2nd quarter. UMB Bank n.a. now owns 382 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 188 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Stock Performance

Shares of XYL opened at $130.83 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. The stock has a market cap of $31.78 billion, a P/E ratio of 46.56, a PEG ratio of 2.31 and a beta of 1.04. The company has a 50-day moving average of $133.88 and a two-hundred day moving average of $133.94. Xylem Inc. has a 12-month low of $87.59 and a 12-month high of $146.08.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.04. The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Xylem had a net margin of 9.11% and a return on equity of 9.48%. The firm’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.98 earnings per share. As a group, research analysts predict that Xylem Inc. will post 4.26 EPS for the current fiscal year.

Xylem Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Thursday, August 29th. Xylem’s dividend payout ratio is presently 51.25%.

Analyst Upgrades and Downgrades

XYL has been the topic of several research analyst reports. Robert W. Baird lifted their price target on shares of Xylem from $155.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Stifel Nicolaus lifted their price target on shares of Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Argus lifted their price objective on shares of Xylem from $146.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. UBS Group began coverage on shares of Xylem in a research note on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price objective on the stock. Finally, TD Cowen restated a “hold” rating and issued a $138.00 price objective on shares of Xylem in a research note on Tuesday, September 3rd. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Xylem has an average rating of “Moderate Buy” and a consensus price target of $147.54.

Xylem Company Profile

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.